International property consulting and management firm Jones Lang LaSalle has conducted in-depth research into the business park sector in China. Although is still in its infancy it is now firmly poised for lift-off.

According to the report, today’s business parks are generally characterized by location in suburban areas and a broad mix of building types.

China’s emerging business park sector is enjoying strong demand.

Jileen Loo, head of business park sector for Jones Lang LaSalle China, said, ‘The stock of business park space in China, which is estimated to stand currently at about 17 million sq m, is expected to more than double to around 38 million square meters by 2010. Over 60% of the current stock is located in the four cities of Shanghai, Beijing, Dalian and Guangzhou.’ Much more HERE.

Source: China Daily

A new coastal city will be built in Caofeidian, an industrial zone in North China on the Bohai Sea.

DHV, an engineering consultancy, has been commissioned, together with the Chinese planning institute Qinghua and the Arup consultancy from the UK, to carry out a coastal and urban development project in China.

The coastal city is to be built on an area of 150 square km to provide space for one million residents. Included in its concept is an island and a lagoon.

The concept allows for the creation of fresh groundwater in a sustainable manner for use in the city’s green spaces.

Because of the coastal location in a salt-water area, and because of the limited rainfall in the north of China, there is little fresh water available for the future inhabitants. Thus one of the project’s challenges is to capture and recycie fresh water in as a sustainable manner as possible.

The city’s construction will begin in 2009 next to an industrial port comparable in size to that of the Port of Rotterdam. (And the technology will be similar to that used in the Wadden Sea, Holland and Denmark, part of which is shown in our illustration.)

Source: RedOrbit

[photopress:zones_suzhou_business_park2.jpg,full,alignright]Jones Lang LaSalle has conducted the first study on China´s emerging business park sector, which currently takes up 17 million square meters of space. Its report predicts the China business park market is going to see major growth in the coming years.

The report, titled ´China Business Parks – The next real estate opportunity´, identifies 15 cities in China where activity in the business park sector will increase.

The report states: ‘The business park sector in China is still in its infancy with a development history of little more than 10 years. Yet the sector is now firmly poised for lift off as the property market responds to the increasing requirement for high quality decentralised business space.’

The stock of business parks in China is expected to more than double to around 38 million square meters by 2010.

Over 60% of the current stock is located in four cities – Shanghai, Beijing, Dalian and Guangzhou.

[photopress:zones_suzhou_business_park3.jpg,full,alignleft]A number of other cities, such as Chengdu, Suzhou, Xian and Tianjin, are expected to witness a sharp increase in business park activity over the next few years.

‘As the government increasingly focused on the development of its high tech sectors, we have seen the gradual emergence of business parks within industrial zones; a trend that started in the late 1990s and has accelerated in recent years.

‘Today’s business parks are generally characterized by a broad mix of building types, all of which continue to be built in response to very different user requirements, from lower specification semi-industrial units to high quality headquarter offices that compete with the CBD markets in terms of their quality and working environment.’ Both the illustrations show Suzhou business park.
Source: Asia Property Report